Discussion Materials: Tales of a Rookie Wall Street Investment Banker - your opinions
Hey Monkeys!
I have just started reading the Discussion Materials: Tales of a Rookie Wall Street Investment Banker by Bill Keenan.
Wanted to ask about your opinion on this book? Would you consider it a new "must read" before entering IBD?
I haven't read it, but I was wondering why it was heavily promoted on social media. Especially IG.
Would be keen to hear from the wider group whether it is a good read.
Just finished. was so hyped to get into ib. not so much anymore.... :(
Not everything is lost. Keenan wasn't working at a BB.
why do I feel like that would be even worse?
Yes he was
Yes he was. He has a well-known farewell email out there to it.
Why is that? What struck you the most?
The working conditions.
Spoiler
There was a part where after two all nighters he got a call from his dickhead boss saying that he wasn't putting in enough work and was making him look bad.
Now I'm not dumb enough to generalize this to the entire industry but after my time on this site and reading this book, hours and people like this don't seem uncommon. I don't think I could survive IB even if it's just two years.
bumb
I'm reading now after a recommendation from another thread on here. Think Tucker Max meets investment banking and you have this book. Entertaining read but clearly written with some cynicism. Definitely worth checking it out.
What group did he work in at DB?
Industrials
There was literally a post a couple days before this.
https://www.wallstreetoasis.com/forums/discussion-materials-by-bill-kee…
Seriously... search function guys!
Probably the most accurate depiction of modern junior banking that I've seen (since Monkey Business and Accidental Investment Banker we're written about banking in the 90s and 80s). Very funny and worth a read.
great read and super entertaining
This is Liar's Poker for corporate finance
Book is well-written – if a bit cynical – and a must read for anyone (looking at quite a few posters here) who's obsessed with / enthralled by IB and needs a bit of an expectations reset. Captures both the highs and the soul-sucking moments of the job, though I'm sure industry vets 'feel' the low moments a bit more, as they can empathize rather than sympathize – in fact, I found the book somewhat hard to read all at once, solely due to the fact that it felt 'too real' (and perhaps redundant to the life I'm already living) as Keenan's various staffings took all-to-familiar ugly turns.
In short, if you're thinking about working in the industry, definitely pick up a copy. If you're in IB already, you can already guess how the book's gonna go and / or write a similar (though likely less humorous) tale, but it still might be worth a buy (as a gift) if you want to finally explain your job to your family or (for yourself) if you think you'd like to uncomfortably, yet knowingly half-grin through a humor-writer's perspective on on the challenges you faced / face in your role.
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